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Magnet Forensics increases TSX IPO target, aiming to raise $100 million


Magnet Forensics increases TSX IPO target, aiming to raise $100 million
Kitchener-Waterloo’s Magnet Forensics is now looking to raise just over $100 million CAD through its upcoming initial public offering (IPO) on the Toronto Stock Exchange (TSX), according to the company’s latest securities filings.
The cybersecurity software startup filed its final prospectus earlier today. The new target represents a more than $10 million increase from the company’s initial goal of $90 million, as outlined by its preliminary prospectus, which it filed on April 15. BetaKit has reached out to Magnet Forensics to confirm the revised target, but has yet to receive a response by publication. ....

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Kitchener-Waterloo's Magnet Forensics looks to raise $90 million CAD in IPO


Kitchener-Waterloo’s Magnet Forensics looks to raise $90 million CAD in IPO
Kitchener-Waterloo startup Magnet Forensics, which develops digital investigation software for forensic professionals, plans to raise $90 million CAD in an initial public offering (IPO) on the Toronto Stock Exchange (TSX).
The company filed its preliminary prospectus Thursday, and plans to trade on the TSX under the symbol ‘MAGT.’ The company plans to sell between 5,625,000 and 6,428,571 shares at a price between $14 and $16.
Magnet Forensics is one of a number of Canadian tech startups that have turned to public markets in recent months.
BMO Capital Markets and Canaccord Genuity Corp. are acting as lead underwriters and joint bookrunners for the IPO. The offering also includes an over-allotment option, which, if exercised in full, would bring the transaction’s proceeds to $103.5 million. ....

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ICYMI: Top Ads Released Before Super Bowl, Fight to Combat Child Porn in South Florida


Castillo caught the virus last summer and had to separate from his family, quarantining away from work at Fort Lauderdale. 
The head COVID-19 researcher at Fort Lauderdale, Battalion Chief Garrett Pingol, tells NBC 6 Investigators more than 200 employees had to quarantine in 2020, with 51 confirmed cases.  
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The subject of crimes against children recently gained national attention on Tuesday after two FBI agents were killed while serving a warrant in Sunrise. NBC 6 s Amanda Plasencia reports
Major Effort to Combat Child Pornography Cases in South Florida
The subject of crimes against children gained national attention after two FBI agents were killed while serving a warrant in Sunrise this week. ....

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Major Effort to Combat Child Pornography Cases in South Florida


The local non-profit works hand in hand with law enforcement, giving them free technology to help track and prosecute child predators across the globe.
Since January of 2021, NBC 6 has reported on two Broward doctors arrested on charges related to child pornography.
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Parkland pediatrician Michael Mizrachy was arrested on January 13th and just a few days later, gastroenterologist Stewart Bitman of Coral Springs was also taken into custody on allegations of crimes against children.
“It might seem like it s more prevalent right now but I think the reality is that cops in the local area are doing a great job to proactively investigate these crimes, Pounder said. I think people should feel reassured really that there’s been this many cases recently and that cops are being proactive to investigate these crimes. ....

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